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10 sats \ 4 replies \ @clr 11 Mar 2023 \ on: Teh magic of Roulette bitcoin
I see this as asking if suicide is immoral, or if drinking is immoral. Everyone is free to do as they please with their lives, of course, but that doesn't stop me from seeing those things as a waste. In other words, those things are usually zero-sum games or negative-sum games. Better to engage in acts that improve both your life and other people's lives.
Subjective utility cannot be objectified by money. When I go to play poker with friends, I don't do it for the money, I do it because it's a good time. In fact, I expect to lose money because I'm really bad at poker. When I go to sit with someone at roulette, it's the same, but it doesn't cost me as much money and sometimes I walk away with a nice win because roulette is not about psychology and make-believe, it's purely about probability.
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What I read is that maybe what you actually enjoy is spending a good time with your friends, not the gambling itself. Those two activities are completely separate, even if you don't notice it because you do them together.
I suppose that the house will take a cut from the roulette, so that means that the players will always end up losing money in the long run.
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I enjoy roulette itself. It's a fascinating game. Playing with friends is always better, but that's not why I play.
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Plus, refreshments for players are usually free, so knowing a system that will keep you in the game for a long time without major capital fluctuations can be quite advantageous.
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